What Happened
Chinese Automaker Expands Global Footprint With New Acquisition
China’s Chery has formally taken over Nissan’s car manufacturing plant in Rosslyn, South Africa, under a deal announced in January. Chery plans to invest millions of dollars in upgrading the facility and aims to establish South Africa as its African hub for manufacturing, exports, research, and development. The company expects to start vehicle production in mid-2027, with the goal of exceeding 100,000 annual sales in South Africa. This development was reported by Reuters.